Students use a graphic organizer to compare and contrast federal and private student loans to help them find the one best suited for their needs.
Spend (Paying for college), Borrow (Getting loans)
CTE (Career and technical education), English or language arts, Social studies or history
High school (9-10), High school (11-12)
45-60 minutes
Big idea
You have a choice about how you pay for your education. Understanding your choices can help you make the right decision for your situation.
Essential questions
- What are my options if I have to borrow money to pay for higher education?
- What should I consider when shopping for a private loan?
Objectives
- Identify similarities and differences between federal and private student loans
- Explain why it’s best to borrow as much as you can through federal student loans before taking out any private student loans
What students will do
- Research federal and private student loans on the Consumer Financial Protection Bureau (CFPB) website.
- Use a graphic organizer to illustrate important similarities and differences between these types of loans.
Download activity
Teacher guide
cfpb_building_block_activities_choosing-student-loan_guide.pdf
Student materials
cfpb_building_block_activities_choosing-student-loan_worksheet.pdf
Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.
